Exchange Income Upgraded to Top Pick by LB Securities (EIF)
EIF has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Exchange Income from C$19.50 to C$22.50 in a research note on Friday, May 16th. Separately, analysts at CIBC raised their price target on shares of Exchange Income from C$26.75 to C$27.00 in a research note on Friday, May 16th. They now have a “sector outperform” rating on the stock. Finally, analysts at Scotiabank reiterated an “outperform” rating on shares of Exchange Income in a research note on Monday, April 14th. They now have a C$26.00 price target on the stock. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$26.38.
Exchange Income (TSE:EIF) traded up 0.82% during mid-day trading on Monday, hitting $20.99. The stock had a trading volume of 46,995 shares. Exchange Income has a one year low of $16.75 and a one year high of $26.72. The stock has a 50-day moving average of $20.05 and a 200-day moving average of $21.36. The company has a market cap of $457.9 million and a P/E ratio of 59.49.
The company also recently announced a may 14 dividend, which is scheduled for Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.14 per share. This represents a dividend yield of 7.78%. The ex-dividend date is Wednesday, May 28th.
Exchange Income Corporation is a diversified acquisition-oriented company, focused on opportunities in the industrial products and transportation sectors.
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